(2) A word or expression used in these Regulations that is also used in the
Companies Act, 1990
(Uncertificated Securities) Regulations, 1996 (
S.I. No. 68 of 1996
), has, unless the contrary intention appears, the same meaning in these Regulations as it has in those Regulations of 1996.

3. (1) The Act of 1963 is hereby amended by the substitution of the form set out in the First Schedule to these Regulations for the first form set out in the First Schedule to that Act.

(2) Section 2(3) of the Act of 1963 shall apply, with any necessary modifications, in relation to the form for which the form in the First Schedule to these Regulations was substituted, as it applies to any form which was common or usual before the commencement of that Act.

4. (1) The Act of 1963 is hereby amended by the insertion in the First Schedule to that Act, immediately after the form substituted by paragraph (1) of Regulation 3 of these Regulations, of the form set out in the Second Schedule to these Regulations.

(2) The form referred to in paragraph (1) shall be used where units of a registered security to which section 2 of the Act of 1963 applies are transferred to a system-member, to be held by the system-member as uncertificated units of that security.

GIVEN under my Official Seal, this 5th day of September, 1996

RUAIRÍ QUINN,

Minister for Finance

EXPLANATORY NOTE

These Regulations amend the First Schedule to the
Stock Transfer Act, 1963
by replacing the stock transfer form introduced in the Act by a modified version of that stock transfer form. The Regulations also amend the First Schedule by the addition of a new form to be used for the transfer of securities into uncertificated form.

SCHEDULE 1

STOCK TRANSFER FORM

Certificate lodged with the

Registrar (For completion by the Registrar/Stock Exchange)

Consideration Money £....................

Name of Undertaking.

Description of Security.

Number or amount of Shares, Stock or other security and, in figures column only, number and denomination of units, if any.

Words

Figures( units of )

Name(s) of registered holder(s) should be given in full: the address should be given where there is only one holder. If the transfer is not made by the registered holder(s) insert also the name(s) and capacity (e.g. Executor(s)), of the person(s) making the transfer.

In the name(s) of

Delete words in italics except for stock exchange transactions.

I/We hereby transfer the above security out of the name(s) aforesaid to the person(s) named below or to the several persons named in Parts 2 of Brokers Transfer Forms relating to the above security: Signature(s) of transferor(s):

Stamp of Selling Broker(s) or, for transactions which are not stock exchange transactions, of Agent(s), if any, acting for the Transferor(s).

1. ....................................

3. ............................................

2. ....................................

4. ............................................

Date

A body corporate should execute this transfer under its common seal or otherwise in accordance with applicable statutory requirements

Full name(s), full postal address(es) (including County or, if applicable, postal District number) of the person(s) to whom the security is transferred. Please state title, if any, or whether Mr., Mrs or Miss. Please complete in type or in Block Capitals.

I/We request that such entries be made in the register as are necessary to give effect to this transfer.

Stamp of Buying Broker(s) (if any).

Stamp or name and address of person lodging this form (if other than the Buying Broker(s)).

Reference to the Registrar in this form means the registrar or registration agent of the undertaking, not the Registrar of Companies.

(Endorsement for use only in stock exchange transactions)

The security represented by the transfer overleaf has been sold as follows:—

Name(s) of registered holder(s) should be given in full; the address should be given where there is only one holder.

In the name(s) of

Designation (if any)

If the transfer is not made by the registered holder(s) insert also the name(s) and capacity (e.g. executor(s)) of the person(s) making the transfer.

Balance certificate(s) required

I/We hereby transfer the above security out of the name(s) aforesaid into the name(s) of the system-member set out below and request that the necessary entries be made in the undertaking's own register of members.

Stamp of depositing system-user

Please sign here

1.

2.

3.

4.

A body corporate should execute this transfer under its common seal or otherwise in accordance with applicable statutory requirements.

Date

Full name(s) of the person(s) to whom the security is transferred.

Participant ID

Such person(s) must be a system-member.

Member Account ID

References to the Registrar in this form means the registrar or registration agent of the undertaking, not the Registrar of Companies.

is delivering this transfer at the direction and on behalf of the depositing system-user whose stamp appears herein and does not in any manner or to any extent warrant or represent the validity, genuineness or correctness of the transfer instructions contained herein or the genuineness of the signature(s) of the transferor(s). The depositing system-user by delivering this transfer to authorisesto deliver this transfer for registration and agrees to be deemed for all purposes to be the person(s) actually so delivering this transfer for registration.